Substitute Senate Bill No. 9, also known as Public Act No. 25-33, introduces significant changes to homeowners and renters insurance policies, mortgage loan transactions, and property disclosures, particularly concerning flood insurance and environmental risks. Effective July 1, 2026, insurers are required to notify policyholders that standard homeowners insurance does not cover flood damage and that separate flood insurance policies are available. Additionally, creditors must inform mortgage applicants in writing about the absence of flood coverage in standard homeowners insurance at least ten days before closing, with the applicant's acknowledgment required. The bill also amends the Uniform Property Condition Disclosure Act, mandating sellers to disclose specific property information, including flood hazard status and known issues with mechanical systems, thereby enhancing transparency for potential buyers.

Moreover, the bill emphasizes climate resilience by requiring municipalities to incorporate updated sea level change scenarios into their hazard mitigation plans and to provide geospatial data on critical infrastructure. It establishes resiliency improvement districts, allowing municipalities to manage climate-related risks and fund necessary improvements through bonds and benefit assessments. The bill also revises pesticide regulations, particularly concerning neonicotinoids and anticoagulant rodenticides, to enhance environmental protection. Key legal language changes include the insertion of new requirements for property disclosures and the establishment of resiliency districts, while outdated provisions have been deleted to align with current environmental and planning needs. Overall, the legislation aims to improve housing, community development, and environmental resilience in Connecticut.

Statutes affected:
Committee Bill: 20-327c, 7-364, 8-23, 28-5, 8-2e, 8-2f
ENV Joint Favorable Substitute: 20-327c, 7-364, 8-23, 28-5, 8-2e, 8-2f
File No. 418: 20-327c, 7-364, 8-23, 28-5, 8-2e, 8-2f
JUD Joint Favorable: 20-327c, 7-364, 8-23, 28-5, 8-2e, 8-2f
APP Joint Favorable: 20-327c, 7-364, 8-23, 28-5, 8-2e, 8-2f
FIN Joint Favorable: 20-327c, 7-364, 8-23, 28-5, 8-2e, 8-2f
Public Act No. 25-33: 7-364, 8-23, 28-5, 8-2e, 8-2f